International Trader - Europe

ECB to Cut? Vienna Waits for You

Europe's central bank may finally be ready to cut interest rates.

tubbornly high inflation haskept the European Central Bank on hold, but the bank will likely have tocut interest rates soon. Eurozone economic indicators have worsened allsummer, to a point "that might result in very poor third- andfourth-quarter [gross domestic product] numbers," says Bank of Americaeconomist Lorenzo Codogno. He sees 0.5% and 1.3% Eurozone GDP growth thisyear...